Korea an ideal model for Pakistan’s uplift

Karachi: The Consul General of the Republic of Korea Mr.Chang hee LEE,hosted a reception to Celebrate the 30th anniversary of the diplomatic ties between Korea and Pakistan at local hotel.Picture shows Chief Guest Senior Minister of Sindh, Mr.Nisar Ahmed Khuro, advisor to Chief Minister Mr.Rashid Rabbani, MNA and leader of MQM, Dr.Farooq Sattar, and Mr.Zubair Motiwala, with host and otherprominent guests.

KARACHI: Pakistan, Korea ties in the economic field and political front have strengthened over the past 30 years across a wide range of areas including socio-economic projects and people to people contact. This was said by Korean Consul General Mr Chang hee Lee at a reception hosted last evening to celebrate the 30th anniversary of the establishment of diplomatic ties between the Republic of Korea and the Islamic Republic of Pakistan.

The Korean Consul General said Korea and Pakistan have developed a close relationship in working with the international community like the United Nations as well as regional organizations.

The Korean envoy said trade volume between the two countries had reached $1.6 billion per year and total Korean investment in Pakistan is about $400 million.He said there is scope to further enlarge this relationship when we consider thepotential the two countries possess.

Mr Lee said Pakistan is rich in natural resources with a population of 200 million. In this context, the relationship between the two countries should rapidly broaden in various areas.

He added Korean companies have participated in infrastructure construction works like the motorway from Lahore to Islamabad, Lowari Tunnel, dams and power plants etc. He said about 12,000 Pakistanis were working in Korea while 800 Koreans mostly engaged in business, were living in Pakistan.

The Korean Consul General concluded by inviting Pakistani entrepreneurs to explore and expand trade with Korean companies to enhance bilateral trade.

Senior Sindh Minister Nisar Ahmed Khuhro who was chief guest at the reception in his address said Pakistan can learn a lot from Korea which is now the eighth largest country in the world in trade volume with a total of $1.1 trillion per year. He said Pakistan should benefit from Korea’s experience and expertise to develop its economy. He added closer interaction between Pakistan and Korea would translate into greater economic benefits for both countries.